Allot Enters into Significant Agreement to provide AllotSmart expansion to an Existing Customer in EMEA
September 16 2019 - 6:22AM
Allot Ltd. (NASDAQ: ALLT, TASE: ALLT), a global provider of leading
innovative network intelligence and security solutions for service
providers worldwide, announced today that it has entered into a
significant agreement to provide AllotSmart products to an
existing customer located in the EMEA region for total
consideration of tens of millions of dollars. The sale is being
effected through a system integrator. Allot expects to receive a
portion of the amount as an advance payment, with the revenues
expected to be recognized over several years and are subject to
customary delivery and acceptance terms. Margins of the deal are
similar to Allot’s average margins. Allot management maintains its
current 2019 expectations of revenues between $106M and $110M.
About Allot
Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading
innovative network intelligence and security solutions for service
providers worldwide, enhancing value to their customers. Our
solutions are deployed globally for network and application
analytics, traffic control and shaping, network-based security
services, and more. Allot’s multi-service platforms are deployed by
over 500 mobile, fixed and cloud service providers and over 1000
enterprises. Our industry leading network-based security as a
service solution has achieved over 50% penetration with some
service providers and is already used by over 21 million
subscribers in Europe.
Allot. See. Control. Secure.
Forward Looking Statement
This release contains forward-looking statements, which express
the current beliefs and expectations of company management. Such
statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or
achievements to differ significantly from the results, performance
or achievements expressed or implied by such forward-looking
statements. Important factors that could cause or contribute to
such differences include risks relating to: acceptance of our
products by our reseller and customer in EMEA, our ability to
compete successfully with other companies offering competing
technologies; the loss of one or more significant customers;
consolidation of, and strategic alliances by, our competitors,
government regulation; lower demand for key value-added services;
our ability to keep pace with advances in technology and to add new
features and value-added services; managing lengthy sales cycles;
operational risks associated with large projects; our dependence on
third party channel partners for a material portion of our
revenues; and other factors discussed under the heading "Risk
Factors" in the company's annual report on Form 20-F filed with
the Securities and Exchange Commission. Forward-looking
statements in this release are made pursuant to the safe harbor
provisions contained in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are made only as of
the date hereof, and the company undertakes no obligation to update
or revise the forward-looking statements, whether as a result of
new information, future events or otherwise.
Seth Greenberg
Allot
+972.9.761.7116
sgreenberg@allot.com
Ehud Helft/Gavriel Frohwein
GK Investor Relations
+1 646 688 3559
allot@gkir.com
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